IBM raising quarterly dividend by 16 percent

Thursday

May 1, 2014 at 2:00 AM

IBM is raising its quarterly dividend by 16 percent to $1.10 per share from 95 cents per share. The dividend will be paid on June 10 to shareholders of record on May 9. The Armonk technology services company has doubled its dividend over the last five years.

The company said this is the 19th consecutive year that the company has boosted its quarterly dividend.